Petroleum Africa
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Monday, July 22, 2013
PetroSA is looking to invest between $375 million and $510 million in an LNG import facility near its Mossel Bay plant. The decision for the investment is expected to be made before the end of 2014. The project is being pursued to improve gas supply security for the state-run firm’s GTL facility.
While the project is aimed at supplying the GTL facility it has been revised a bit to include supplies to Eskom. Eskom is looking to convert Gourikwa open cycle gas turbine peaking power plant in Mossel Bay from diesel to gas and transform the facility into a mid-merit electricity plant.
The GTL refinery is currently operating at less than 50% of its 42,00 bpd capacity due to feedstock constraints. These will be partly mitigated once gas begins to flow from the FO field, which is being developed as part of PetroSA’s Ikhwezi offshore development. Gas flows from this development are expected later this year.
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